HTC has no plans to replace CEO Peter Chou: Report

HTC CEO Peter ChouDespite HTC’s continuous poor performance, the Taiwanese manufacturer has no plans to replace the company CEO Peter Chou, writes Focus Taiwan quoting HTC chairperson Cher Wang.

Wang said that Chou has done a great job and there are no plans of removing him. She noted that HTC employees must come down to earth (herself included) and continue moving forward.

“HTC has many innovative products and will continue to work to introduce our excellent products to everyone in the world,” Wang added. Cher Wang was speaking on sidelines of the Asia Pacific Cities Summit (APCS) 2013.

Last two years haven’t been good for the company and it continues to struggle. The company’s flagship HTC One showed some promise but the initial sales were marred by lack of devices due to component shortages.

The company has also failed to tap the huge mid-range segment and HTC One mini, which is supposed to target the segment, is yet to reach many major markets.

The company shares have been on a downward spiral this whole year and fell 47.31 in the first eight months and continue to do so.

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